AI Crypto is developing an AI ecosystem based on blockchain. Our primary goal is to make AI researches easier and cheaper to conduct. We expect AI researchers and data providers to be more connected on a global basis with our platform, resulting in a huge AI revolution.

How does the project create value to the ecosystem and differs from competing projects

Since the AI business is the hot topic of the fourth industrial revolution nowadays, we are looking forward to various attempts in developing and utilizing AI applications through blockchain technology, starting from the AI Crypto Ecosystem. The AI Crypto team is open to all kinds of technology if they fulfill the idea of ‘righteous usage of impartial resources’ and are willing to include them in the AI Ecosystem where other members agree. This is more than just adding the contents to the ecosystem; it’s more of changing the platform through consensus. Even if the AI Crypto Ecosystem grows larger in scale, this does not mean the birth of a large centralized organization, but the expansion of the decentralized society, resulting in more members agreeing to the righteous usage of these resources.

Token Utility/Function

1. The participants of the AI Crypto Ecosystem will take part in the system, providing the main factors of AI such as hardware, data, and models in the stratum; defined as AI Crypto Vessels. The participants who have the resources can receive the coins by giving it to the ecosystem. In contrast, those that want to use the hardware can pay the coins as a fee.

2. The individuals taking part in the AI Crypto Ecosystem provide some portions of the computational capacity in their own GPU to the public network, to supply resources needed for AI calculations, and get rewarded with AIC coins in return.

3. In the AI Crypto Ecosystem, users can use some or the whole parts of the shared dataset for free or by paying a fee. The fee is delivered to data providers as a reward and some are used as commission for running AI Crypto Skeleton. Before the data is created, the criteria from the initial requester need to be met. Then, that data should be available for other users either for free or with a charge. If the created data is used frequently in the AI Crypto Ecosystem, it boosts the consumption value of the AI Crypto Ecosystem. And by the principle of PoV, it is evaluated highly by Contribution Rating System in AI Crypto Skeleton, and the provider will be rewarded with coins owned by AI Crypto Skeleton. Contribution Rating System will penalize any users in the AI Crypto Ecosystem that provides or requests meaningless data just to obtain coins. This is because the developers will not generate any profit if the data is not used.

Stephan De Haes - ICO Advisor, Community leader and COO/Co-founder Krypt.lyRated on 2018-04-05

Looked deeper into this projects and I'm a big fan of it! The amount of bonus that they are giving is very realistic (instead of the 50% to even 100% bonus I see lately in lots of other projects which is neither good for the investors as for the company) and the difference between private investors with lots of funds and smaller investors is not to big,which makes it fair for every party involved. I looked into the team and they all got the expertise to make this project work on a longterm scale. The concept is very interesting as they want to solve problems regarding AI development, such as the purposeless use of GPU resources and machine learning research data which is in a state of limited competition because of the big corporations. The product is well thought out and can be used in several fields of an industry that is booming. Very interesting mix of blockchain and AI technology.

The team composition is strong and impressive, in the times when ICOs rarely deliver my biggest concern is around the product and execution. I find the problem statement outlined in the WP very weak and generic, not sure what problem they exactly try to solve, is it about the unused GPUs or making AI more accessible or incentivising people for data.

I'd like to see stronger problem statement and product definition to solve the initial problem, without this I can't see how this can project can reach the hard cap.